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1249 W PIERCE Street Phoenix, AZ $ 1,350,000
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1249 W PIERCE Street
$ 1,350,000
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1249 W PIERCE Street

Phoenix, AZ, 85007
$ 1,350,000
Baths0.0

Monthly Estimate*

$ 8,422

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,350,000. This home was built in 1986.

1249 & 1253 W Pierce St is an 8-unit, garden-style property, constructed in 1986. The asset consists of two individually parceled fourplexes, offering flexible financing options and long-term investment versatility. The unit mix comprises (4) 3-bedroom/1-bathroom units and (4) 2-bedroom/1-bathroom units, each individually metered for electricity. The unit's interiors have been upgraded and include in-unit washers and dryers, enhancing appeal and rental demand. The property also features an on-site gated parking lot for added convenience and security. Ideally situated just minutes from the Grand Avenue Arts District, Roosevelt Row, and Downtown Phoenix, the asset benefits from strong tenant demand and easy access to a vibrant mix of employment, dining, arts, and entertainment.

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Multi-Family Active

Price

$ 1,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,404

Style

Multiple Dwellings

Year Built

1986

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6955650
Features
General
Sewer Public Sewer
Heating Individual Electric
Cooling Central Air Electric Individual
Roof Composition
Zoning R-5
Construction Materials Wood Frame Stucco
Year Built 1986
Electric Individual Meter
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 0.0
Community Features Other
County Maricopa
Net Operating Income 82514.0
Operating Expense 1404.0
Insurance Expense 0.0
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Subdivision Name UNIVERSITY ADDITION
Garage Y/N N
Status Active
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 16.0
Number Of Units Total 8
Carport Y/N N
Tax Annual Amount 1404.0
Electric Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 12
Cap Rate 6.11
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 16.0
Number of Buildings 2
Spa N
Lot Dimensions 13350 sqft
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1249
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* Excluded Features
List By
Abi Multifamily

Broker

bryce.neagle@abimultifamily.com

Email

Affordability Calculator

$8,539
Per Month
99%
1%
0%
Monthly Principal & Interest
$8,422
Monthly Property Taxes
$117
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/8/2025$1,350,000 Listed Price

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1249 W PIERCE Street, Phoenix, AZ, 85007 is a Multi-Family Home for sale at $1,350,000. 1249 W PIERCE Street is a studio with 0.0 baths and was built in 1986. The property's zip code is 85007 which is in Phoenix, AZ

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